British Smaller Companies VCT PLC Statement re Offer for Subscription (0577Y)
28 February 2017 - 9:17PM
UK Regulatory
TIDMBSV
RNS Number : 0577Y
British Smaller Companies VCT PLC
28 February 2017
British Smaller Companies VCT plc
Statement re Offer for Subscription
British Smaller Companies VCT plc (the "Company") launched an
Offer for Subscription (the "Offer") to raise up to GBP4.25
million. Full details of the Offer are contained in an offer
document (the "Offer Document") issued by the Company, dated 10
February 2017.
The Board is pleased to announce that valid Subscriptions have
now been received from existing shareholders exceeding the full
amount available under the Offer, and consequently the Offer will
not be opened to other investors from 7 March 2017.
The Offer remains open to existing shareholders until 6 March
2017, after which shares will be allotted by way of a ballot and
the Offer will be closed.
Only postal or hand-delivered subscriptions will be accepted by
the receiving agent and in order to be as fair as possible to all
investors the minimum individual subscription has been set at
GBP3,000 and only one subscription will be accepted per
investor.
The Company will only accept payment by cheque and will only
present cheques for successful subscriptions once the ballot has
concluded. Banker's drafts and electronic payments will not be
accepted.
The Offer Document was posted to existing shareholders on 16
February 2017 and is also available from the Company's website,
www.bscfunds.com.
A copy of the Offer Document was submitted to the National
Storage Mechanism and is available to the public for viewing online
at the following web-site address:
http://www.morningstar.co.uk/uk/NSM.
28 February 2017
For further information, please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Jonathan Becher Panmure Gordon (UK) Limited Tel: 020 7886 2715
This information is provided by RNS
The company news service from the London Stock Exchange
END
OUPBVLFLDLFFBBQ
(END) Dow Jones Newswires
February 28, 2017 05:17 ET (10:17 GMT)
British Smaller Companie... (LSE:BSV)
Historical Stock Chart
From Apr 2024 to May 2024
British Smaller Companie... (LSE:BSV)
Historical Stock Chart
From May 2023 to May 2024